Salaried class may hope for a surge in the existing basic exemption limit from Rs 2.5 Lakh to Rs 3 lakh if not Rs 5 lakh, and many predict that Goyal will deliver this on February 1. Government may increase deduction limit under Section 80C from Rs 1.5 lakh to Rs 2 lakh.

While some components are fully taxable, others can be claimed as tax-exempt if you meet certain conditions. Given an option, you would want to have a higher portion of the ones which can be claimed as exempt.

The introduction of the GST has been the source of confusion over taxes in many different sectors, but salaried employees have largely remained unaffected. However, a tax authority's judgment in Kerala has triggered a speculation on how employer-to-employee services at workplace need to be taxed.

Apart from farmers and the gareeb nagrik, it is the older demographic that stands to gain the most from the latest Budget. To begin with, tax exemption of interest income from bank deposits has been raised to Rs 50,000 from the current Rs 10,000.

Budget 2018 has been kinder to senior citizens, in order to allow them a \"dignified life\". To begin with, tax exemption of interest income from bank deposits has been raised to Rs 50,000 from the current Rs 10,000.

As Finance Minister Arun Jaitley gets ready to deliver his government's last regular union budget ahead of 2019 elections, speculation is rife that the Finance Minister may present a populist Budget 2018 after taking into account the political considerations.

Two weeks to go before Finance Minister Arun Jaitley presents the Union Budget 2018-2019, the last regular Budget under the Narendra Modi government. Public expectation, therefore, is high that the coming Budget will be populist in nature, trying to please as many as possible.